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US: Jobless Weekly Claims — 6:00 p.m. IST
US: Federal Reserve Bank of Cleveland President Beth Hammack will deliver opening remarks at a conference hosted by the Center for Inflation Research at the Federal Reserve Bank of Cleveland and the European Central Bank — 6:15 p.m. IST
UK: External Bank of England MPC Member Catherine Mann will participate in a panel discussion titled "Global Macro Economy in a New World" at the Washington DC Economic Festival — 6:30 p.m. IST
US: Flash services and manufacturing PMI — 7:15 p.m. IST
US: New home sales — 7:30 p.m. IST
US: Energy Information Administration weekly natural gas storage report — 8:00 p.m. IST
As of 3: 30 p.m., futures of S&P 500 was 0.4% up at 5,860.75, Nasdaq was 0.8% higher at 20,376.25, while those of Dow Jones fell 0.2% at 42,659.00.
Market breadth was skewed in the favour of sellers. As many as 2,345 stocks fell, 1,590 rose, and 98 remained unchanged on the BSE.
The NSE Nifty 50 and BSE Sensex closed at over two–month low for third consecutive session on Thursday.
Hindustan Unilever Ltd., ITC Ltd. and Hindalco Industries Ltd. shares were top losers.
HDFC Bank Ltd., State Bank of India Ltd., UltraTech Cement Ltd. were top gainers in the index.
The NSE Nifty FMCG hit over three–month low and was the worst performing sector on NSE. It ended 2.83% down at 58,396.90.
The NSE Nifty PSU Bank index was the best performing sector. It settled 1.22% higher at 6,430.
The NSE Nifty Midcap 150 ended 0.25% down at 20,932.75.
The NSE Nifty Smallcap 250 ended 0.60% down at 17,352.20
Revenue flat at Rs 1,224 crore
Ebitda down 5% at Rs 178 crore vs Rs 188 crore
Ebitda margin at 14.6% vs 15.3%
Net profit down 46% at Rs 20 crore vs Rs 37 crore
Insolation Energy Ltd. got order worth Rs 208 crore for supply of solar PV modules at NTPC Khavada, Gujarat, it said in an exchange filing.
Max India Ltd. approved raising up to Rs 100 crore via rights issue, the company said in an exchange filing.
Net Profit rose 4% at Rs 138 crore vs Rs 133 crore
NII rose 7% to Rs 367 crore vs Rs 344 crore
Gross NPA At 1.68 Vs 1.69% (QoQ)
Net NPA At 0.69 Vs 0.68% (QoQ)
The Pound sterling rose against the US dollar after initial reaction from the lower Purchasing Manager's Index data faded. UK's composite PMI fell to 51.7 in October, against an expectation of 52.6. In September the PMI data was at 52.6.
The Pound sterling was trading 0.33% higher at 1.2963 a dollar as of 2:45 p.m. IST.
The Euro also rose against the greenback after data showed the composite PMI rose to 49.7 in October, from 49.6 in September.
Revenue up 13% at Rs 1,121 crore vs Rs 994 crore
Ebitda up 17% at Rs 117 crore vs Rs 100 crore
Ebitda margin at 10.4% vs 10.1%
Net profit up 22% at Rs 107 crore vs Rs 88 crore
Revenue up 7% at Rs 2,108 crore vs Rs 1,978 crore
Ebitda down 5% at Rs 229 crore vs Rs 240 crore
Ebitda margin at 10.9% vs 12.2%
Net profit down 4% at Rs 151 crore vs Rs 157 crore
Benchmark import price of gold is set at $855 per 10 gram. The import price for silver is set at $1,118 per kilogram, the Ministry of Finance said.
Net Profit at Rs 190 crore vs Rs 82.2 crore
Revenue up 17.2% at Rs 1,054 crore vs Rs 899 crore
EBITDA up 16.2% at Rs 233 crore vs Rs 200 crore
Margin At 22.1% Vs 22.3%
One-time gain of Rs 95 crore in Q2 FY25 from sale of subsidiary to Yatra Online
Azad Engineering received a business award from US-based Honeywell aerospace for high complex components. Phase one of award is valued at $16 million over, it said in an exchange filing.
Net loss of Rs 330 crore versus loss of Rs 323 crore.
Revenue up 6.2% at Rs 343 crore versus Rs 323 crore.
Ebitda up 1.7% at Rs 137 crore versus Rs 135 crore.
Margin at 39.9% versus 41.7%.
The recent platform fee hike to Rs 10 by Zomato Ltd. is a part of routine business matter, the company said in an exchange filing Thursday. The fee has been hiked by 67% from Rs 6 per order. To read more click here.
NII rose 15% to Rs 944 crore vs Rs 823 crore
Net Profit fell 29% to Rs 233 crore vs Rs 328 crore
Gross NPA Flat At 2.52% (QoQ)
Net NPA 0.56% Vs 0.41% (QoQ)
Revenue rose 10.06% to Rs 1,618 crore from Rs 1,470 crore
Ebitda rose 3.11% to Rs 496 crore from Rs 481 crore
Margin fell 206 basis points to 30.65% vs 32.72%
Net profit rose 16.17% to Rs 395 crore vs Rs 340 crore
ABB India Ltd.'s ABB Robotics & NAMTECH signed a memorandum of understanding to establish School of Robotics. NAMTECH stands for New Age Makers’ Institute of Technology, the company said in an exchange filing.
Net loss of Rs 10 crore versus profit of Rs 35.2 crore.
Revenue down 9.1% at Rs 431 crore versus Rs 474 crore.
Ebitda down 39.2% at Rs 38.6 crore versus Rs 63.5 crore.
Margin at 9% versus 13.4%.
Tata Power Ltd.'s arm Tata Power Trading Co. Ltd. is in pact with Keppel to launch a cooling-as-a-service solutions in India, it said in an exchange filing.
Buzzing Stocks At Noon: Top Gainers And Laggards
AI In Hindi — Nvidia CEO Announces New Model, Says Language Hardest To Map
Netweb Technologies Ltd. broadened range of NVIDIA MGX Platform servers, it said in an exchange filin.g
Tata Consultancy Services Ltd. expanded partnership with Nvidia to launch industry–specific solutions. It introduced Nvidia business unit to accelerate artificial intelligence adoption for customers across industries, it said in an exchange filing.
Titan Co. Ltd. approved appointment of PB Balaji as additional director, effective from October 28, it said in an exchange filing.
Godavari Biorefineries IPO Subscribed 34% So Far On Day 2
October Flash Services PMI At 57.9 Vs 57.7 In September
October Flash Composite PMI At 58.6 Vs 58.3 In September
October Flash Manufacturing PMI At 57.4 Vs 56.5 In September
Paytm Gets 'Buy' Upgrade From Citi After NPCI Regulatory Clearance
Catch latest second quarter earning releases from ITC Ltd., NTPC Ltd., and IndusInd Bank Ltd. here. Godrej Consumer Products Ltd., Adani Total Gas Ltd., Adani Wilmar, Sanghi Industries, Strides Pharma Science' earnings are scheduled for release later today.
SRF Share Price Falls 4% As Analysts Cut Target, Earnings Estimates After Weak Q2
Amber Enterprises India Pvt. Ltd. has guided for Rs 375 crore capital expenditure for financial year 2025. It also guided that the consumer division business will likely outgrow 30% industry growth, CEO Jasbir Singh said in an interview to NDTV Profit.
The company also guided for electronics division growth of 50% compared to 45% earlier. Amber Enterprises India expects electronics consumption to touch $300bn by FY30 from $115bn now, Singh said.
SRF Share Price Falls 4% As Analysts Cut Target, Earnings Estimates After Weak Q2
HUL Q2 Results Review: Urban Demand Woes, Pricing Pressures Drag Earnings Projection Lower
Railtel Corporation of India received work order worth Rs 144.9 crore from home department, Government of Gujarat, it said in an exchange filing.
Market breadth was skewed in favour of buyers. Around 1,632 stocks advanced, 1,130 stocks declined, and 104 stocks remained unchanged on BSE.
At pre–open, the NSE Nifty 50 was trading 0.09% down at 24,412.70, and the BSE Sensex was trading 0.06% higher at 80,093.30.
The yield on the 10-year bond opened flat at 6.81%. It closed at 6.82% on Wednesday, according to data on Bloomberg.
Net profit rose 6.1% at Rs 71.7 crore vs Rs 67.6 crore
Revenue rose 5.4% at Rs 586 crore vs Rs 556 crore
Ebitda flat at Rs 155 crore
Ebitda margin at 26.4% vs 27.9%
RateGain Travel Technologies Ltd,'s flight centre travel group elevates pricing strategy with AirGain’s price intelligence solution, it said in exchange filing.
The dollar index, which measures the strength of the greenback against six major currencies, rose 104.57, the highest level since July 30, according to data on Bloomberg. The greenback gained as market participants pared their bets on aggressive easing in the US, noting underlying strength of the US economy.
The index rose past the crucial 104.00 level for the first time on Tuesday since Mid–July. From then on, it's hitting fresh nearly three–month high levels.
In Asian trade, the dollar index was trading 0.07% down at 104.36 as of 08:12 a.m. IST.
Hindustan Unilever Ltd. share price may see movement in Thursday's session as its net profit for July–September declined, missing estimates. HUL reported that its net profit fell 2.3% on the year to Rs 2,595 crore, compared to Rs 2,693 crore analysts projected in a Bloomberg's survey.
To know more about Hindustan Unilever's second quarter performance click here.
Most Asian currencies were trading little change against the US dollar in early trade Thursday as the greenback lost some steam after hitting fresh over two–month high.
The Indonesian rupiah and South Korean won were trading 0.17% and 0.11%, higher against the green back respectively as of 08:07 a.m. IST.
The South Korean won rose against the US unit as the economy managed to avoid recession. Its GDP grew 0.1% in the third quarter ended in September, compared to 0.20% contraction in the preceding quarter, Bloomberg reported.
The Japanese yen rose 0.20% to 152.46 a dollar as of 8:13 a.m. IST.
Crude oil future prices rebounded Thursday morning as traders assessed supply side risks in the Middle–East. Further, pared bets on aggressive easing in the US weighed on the demand outlook for the commodity.
The December contract of the brent crude on the Intercontinental Exchanges was trading 0.96% higher at $75.68 a barrel as of 08:05 a.m. It settled 1.42% down at $74.96 a barrel on Wednesday.
Emkay maintains 'Buy' on Adani Green Energy at Rs 2,550 target, which implied a 50% upside
July–September consolidated Ebitda rose 25% on the year stable operating performance, jump in equipment sales
Consolidated net profits fell due to jump in minority interest
Management estimates 2GW/4GW renewable energy capacity commissioning in Q3FY25/Mar'25
Management guides annualized Ebitda run-rate of Rs 10800 cr for current 11.2 GW capacity
Management guides annualized Ebitda run-rate of Rs 16000 cr 17GW FY25-end capacity
Trim FY25 Ebitda by 7% to reflect H1 run-rate
Largely retaining FY26-27E Ebitda estimates
Reduced Price target to Rs 1970 from Rs 2070; downside potential 12%
Management withdrew FY25 revenue and margin guidance for specialty chemicals
Guidance withdrawn despite strong order book, signaling limited visibility
EBITDA Miss due to weak chemicals performance.
PAT was 16% below estimates due to higher tax rates.
Delay in customer registrations affecting growth in AIs.
Refgas revenues declined mid-single digits due to elevated US inventories and Chinese competition in ME/SEA.
FY25/26 PAT estimates cut by 20%/15%.
Risk-reward unfavorable, maintain "Underperform" with target price of ₹1,970.
After hitting fresh high in Wednesday's session, Gold spot and future prices halted their rally as US Treasury yields and the dollar index rose. A rise in dollar index makes the bullion expensive for other currency holders, while a rise in US Treasury yields reduces its appeal to the investors.
The spot gold price fell over 1% while the Gold future prices fell 0.90%.
The Gold December future was 0.35% higher at $2,738.80 an ounce as of 07:17 a.m.
The yield on the benchmark 10–year US Treasury note rose to fresh nearly three–month high on Wednesday as investors trimmed their expectations of aggressive rate cuts by the US Federal Reserve.
The yield on the 10–year US Treasury note was trading flat at 4.23% as of 07:04 a.m. IST.
Asian Stocks Fall As Wall Street Extends Losses, Treasury Yields Face Heat
US stocks ended lower on Wednesday, and treasury yields continued to hit new levels of nearly three–month high. The Dow Jones Industrial index posted its worst intraday fall in over one month.
The S&P 500 ended 0.92% down at 5,797.43. The Dow Jones Industrial Average ended 0.95% down at 42,514.95. The Nasdaq Composite index fell 1.60% down at 18,276.66.
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